First Trust Multi-Strategy Alternative ETF
LALT
15 hedge funds and large institutions have $17.3M invested in First Trust Multi-Strategy Alternative ETF in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and 4 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 3
11.3% less ownership
Funds ownership: 96.97% → 85.68% (-11%)
12% less funds holding
Funds holding: 17 → 15 (-2)
16% less capital invested
Capital invested by funds: $20.6M → $17.3M (-$3.25M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
+$1.74M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$458K |
| 3 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
+$292K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$86.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OFS
OneAscent Financial Services
Birmingham,
Alabama
|
-$3.38M |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$2.31M |
| 3 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$513K |
| 4 |
JP Morgan Chase
New York
|
-$40.8K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$32.7K |
LALT Hedge Fund Activity: Q2 2025 in Review
15 of the 7,597 institutional investors tracked by Wall St. Rank reported a position in First Trust Multi-Strategy Alternative ETF (LALT) for Q2 2025, worth a combined $17.3M — down 16% from $20.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of LALT and 2 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 7 added.
The largest buyer was Holistic Financial Partners, adding an estimated $1.74M. The largest seller was OneAscent Financial Services, exiting entirely with an estimated $3.38M sold.
- 15 institutional investors held First Trust Multi-Strategy Alternative ETF (LALT) as of Q2 2025, down from 17 in Q1 2025.
- Funds reported $17.3M of First Trust Multi-Strategy Alternative ETF stock for Q2 2025, down 16% quarter-over-quarter.
- 2 funds opened new First Trust Multi-Strategy Alternative ETF positions in Q2 2025 and 4 closed out, a net change of -2 holders.
- The largest First Trust Multi-Strategy Alternative ETF buyer in Q2 2025 was Holistic Financial Partners, an estimated $1.74M added.
- The largest First Trust Multi-Strategy Alternative ETF seller in Q2 2025 was OneAscent Financial Services, an estimated $3.38M sold.
Based on aggregated 13F filings for Q2 2025.